Corn futures prices traded lower early to near a multi-week low and then recovered to finish with a gain of a couple of cents. The day’s trading range was less than 5 cents, suggesting that the corn market does not want to move very far in either direction from its current prices for now. General Comments After some follow-through weakness early in the overnight trade, grain and soy prices began to recover and turned in a true “Turnaround Tuesday” performance by the end of the day session with higher closes across the board. To be perfectly accurate, soyoil closed unchanged rather than higher, but the unchanged closes were nearly 60 points above the day’s lows. When November soybeans touched a five-month low of $9.34 overnight, it seemed...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.